Traders are a little more bullish on the company if you watch the motion in short interest. The company had a fall in short interest from August 15, 2017 to August 31, 2017 of -7.07%. Short shares fell 1,028 over that timeframe.
A few notable investment firms have updated their holdings. Robinson Capital Management, LLC bolstered its holdings by buying 39,004 shares an increase of 11.3%. Robinson Capital Management, LLC currently owns 382,722 shares worth $3,785,000. The total value of its holdings increased 11.6%. As of quarter end Cetera Investment Advisers had sold a total of 450 shares trimming its stake by 0.4%. The value of the investment in (PHT) decreased from $1,000,000 to $998,000 a change of $2,000 quarter to quarter.
As of the end of the quarter Cwa Asset Management Group, LLC had disposed of 2,000 shares trimming its position 6.9%. The value of the investment in PHT went from $288,000 to $269,000 decreasing 6.6% for the reporting period. Sheaff Brock Investment Advisors, LLC expanded its position by buying 500 shares an increase of 2.8% in the quarter. Sheaff Brock Investment Advisors, LLC owns 18,326 shares valued at $181,000. The value of the position overall is up by 2.8%.
In the market the company is trading up by 0.41% percent from yesterday’s close. Shares last traded at $9.88 a tad above $9.88, the stock’s 50 day moving average and which is marginally lower than the 200 day moving average of $9.91. The 50 day moving average went up by -0.04% and the 200 day average went down by -0.27%.
Pioneer High Income Trust (the Trust), launched on January 31, 2002, is a diversified, closed-end management investment company. The Trust’s investment objective is to seek a high level of current income and to seek capital appreciation. The Trust seeks to invest in corporate bonds and notes, senior secured floating rate loan interests, convertible bonds and notes, preferred stocks, common stocks, sovereign debt obligations, collateralized mortgage obligations, asset-backed securities and convertible preferred stocks, among others..